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I'm looking at buying an EC n I have got my loan approved in principle. But I got some worries as I got bad credit records previously n I'm afraid after putting the 5% booking fees n if the bank were to reject my loan,I would have to forfeit the $. Any ways I could ensure I could get a loan approved before committing the downpayment?
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2 Answers

William Koh
Replied
Hi Alex,

If you have got an IPA already, then the loan approval shouldn't be an issue.
You may talk to the banker who help you on your IPA to discuss on this issue.

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Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
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Mike Lim
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Morning Alex,

If your IPA is current and your credit record do not get any worst before you Option for an unit, you should get your Letter of Offer. There's no way any bank will issue you the letter of offer before you Option for any unit as they require the confirmation of address and the intention to sell from the seller.

FYI
Mike Lim
 96929209 
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